Dogecoin Forms Symmetrical Triangle as Analysts Await Breakout Signal

Dogecoin trades within a Symmetrical Triangle as price compresses between rising and falling levels.

Key levels near $0.150 and $0.140 guide traders while open interest and volume continue to contract.

Analysts note consolidation may support an upside move if DOGE holds support during the final compression.

Dogecoin has formed a Symmetrical Triangle that may indicate a reversal bottom pattern in the current downtrend. The market continues to trade within two converging trendlines as price moves between lower highs and higher lows. Analysts watch for a clear signal because the structure is now in its late phase of compression.

Market Structure and Key Technical Levels

Dogecoin trades near the $0.14 region as steady demand appears near the lower boundary of the pattern. According to analysis prepared by Trader Tardigrade, repeated reactions at both trendlines show the structure remains intact. Price moved between $0.1371 and $0.1443 during the recent window, and it closed the session near $0.1422

Volume also shows periods of contraction, and this fits the formation as the triangle tightens. The upper boundary remains close to $0.150, where recent rejections occurred. According to Coinglass data, open interest cooled from more than $6 billion in November to about $1.34 billion by December 8.

Spot flows have recorded outflows through most sessions since February, although a small $1.17 million inflow was reported on December 8. Market activity stayed stable after that event and traders continued to reduce exposure during short rallies. Dogecoin also marked its twelfth anniversary on December 6 and saw steady engagement across exchanges during that period.

Breakout Levels and Broader Price Context

Upside barriers sit at $0.1500, $0.1520, and $0.1570, and the 200-EMA also sits near $0.1570. Support stands at $0.1416 and $0.1400, while $0.1330 forms a base for bulls. Analysts state that a move above $0.1570 could open room toward $0.1620 and $0.1710.

Source: JavonMarks(X)

The 12-hour chart shows steady interaction with both trendlines as the pattern matures. According to analysis prepared by Javon Marks, DOGE remains in a larger cycle that has shown consolidation phases before upward continuation

He noted that the structure could support a push toward earlier expansion levels if price holds above support. The Symmetrical Triangle continues to guide near-term structure, and traders now watch for a decisive move as the market approaches the final compression stage.

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